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Financial Reporting Council (FRC)

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Sanctions against senior auditor and EY

17/10/2017(0)
Ernst & Young LLP (EY) and Julian Gray, Senior Statutory Auditor and Audit Engagement Partner, have been fined and reprimanded after admitting Misconduct in relation to the audit of ... Read More
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Sanctions against senior auditor and PwC

16/08/2017(0)
The Financial Reporting Council (FRC), UK’s independent regulator responsible for promoting high quality corporate governance and reporting to foster investment, has issued today an announcement to inform that: PricewaterhouseCoopers ... Read More
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Deloitte partner sanctioned

11/08/2017(0)
James Rakow sanctioned in disciplinary case relating to Equity Syndicate Management Limited The outcome of the disciplinary case relating to Mr James Rakow, an associate partner with Deloitte LLP, ... Read More
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Deloitte and Deloitte partner fined £4,000,000 and £150,000 respectively

10/11/2016(0)
Deloitte LLP and John Clennett fined for Misconduct in relation to Aero Inventory Plc The Financial Reporting Council (FRC) today announces the outcome of the independent Tribunal’s disciplinary hearing ... Read More
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FRC to investigate Deloitte

09/06/2016(0)
The Financial Reporting Council (FRC) has launched an investigation under the accountancy scheme into Deloitte LLP, in relation to the preparation, approval and audit of the financial statements of companies ... Read More
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Investigation announced in respect of Grant Thornton’s audits of Globo plc

21/12/2015(0)
The Financial Reporting Council (FRC) has launched an investigation under the Accountancy Scheme into Grant Thornton UK LLP’s audits of the consolidated financial statements of Globo Plc for the ... Read More
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FRC calls for transparent disclosure of tax risks in corporate reports

01/12/2015(0)
The Financial Reporting Council (FRC) will conduct a thematic review of companies’ tax reporting to encourage more transparent recording of the relationship between the tax charges and accounting profit. ... Read More
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FRC has called on the IASB to reconsider its proposed Conceptual Framework

26/11/2015(0)
The Financial Reporting Council (FRC) has called on the IASB to reconsider its proposed Conceptual Framework so that it properly reflects the importance of stewardship, prudence and reliability, which ... Read More
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Update on the implementation of the EU Audit Directive and Regulation

01/09/2015(0)
The Department of Business Innovation and Skills has published an update on the implementation of the EU Audit Directive and Regulation: “Following Baroness Neville-Rolfe’s Written Ministerial Statement of 20 July ... Read More
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Outcome of disciplinary case against Grant Thornton UK LLP, Alastair Nuttall and Marcus Swales

09/07/2015(0)
The Financial Reporting Council (FRC) announces the outcome of the disciplinary case in connection with Grant Thornton UK LLP (Grant Thornton), Alastair Nuttall and Marcus Swales, Audit Engagement Partners ... Read More
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